Great...that’ll kill the housing market. And the climate policies will kill every other market.
we’re screwed.
More finger pointing at Putin. And denial that printing billions of dollars could cause inflation.
He’s just trying to get his favorable numbers out of the teens.
My contacts at the White House have provided me with an advanced copy of Biden’s remarks.
“I’m not quite sure what’s going on here. But if it’s bad, it’s Putin’s fault. Greedy producers might also be to blame. As usual, more laws and more spending will set everything right.”
It would be much simpler if he would say that inflation was caused by government spending money that it doesn’t have and that he will cut back spending and stop sending money to Ukraine. But he won’t. Putin is going to be out of the picture soon, so biden won’t be able to blame him for high prices. Who will he blame? Trump?
Misleading headline. Biden is not going to address inflation in any meaningful manner beyond what he can use as a political speech to try and demonize his political opponents.
So, another partisan attack speech. Yeah, just what the country needs. Man, this guy is the great white healer and unifier.
Note to union rank and file: Look at who’s enabling this. You ignore what that means at your peril. Public sector union members, goes for you, too
So he just stated America is building silos in Ukraine. “We”
Didn’t he do that song and dance last week or is this a new routine?
That same ole schtick is getting old.
Biden offered more BS... blamed Trump for everything while lauding himself with endless excuses.
Biden is nuts if he thinks the country is doing well...
https://whyy.org/articles/biden-philly-afl-cio-convention-speech/
Looks like they’re actually hauling the POTATUS’s demented carcass to Philly.
Same ol’ song and dance my friend.
5.56mm
Just repeating that this is his “top priority” is meaningless and certainly won’t reassure a single soul.
Does he realize how demented he sounds? How about holding a real press conference and ANSWERING QUESTIONS!!
Thought exercise for metalheads:
Gold is down $70-$75 from recent “nominal” pricing (/GC in futures)
A decision is expected shortly as to whether the Fed will raise bigly (.75 or even 1%) or nominal. When the FED raises rates, it has the effect of strengthening the US dollar, which weakens gold and usually, oil. It’s probably a good bet the Fed is under pressure to raise so as to weaken oil = strong oil being a political hazard for Biden and they only get to think in a single dimension at one time without considering secondary/tertiary effects of their diktats.
So the question is, if one is tempted to buy gold on this dip, does the current dip already reflect an expected big-ass rate hike or is gold due for another $50-$75-even $100 move down on news of the announce? Unknowable, as far as I am concerned.
Nevertheless, Wednesday could produce a good entry for physical gold, GLD, or gold stocks such as AEM, NEM. If the market is shocked, gold could drop $50-$75, yes, even $100.
Point being: possible buy oppty for those with the itch.
Not a reco, just a thought exercise.
Good job Brandon......spit.
Last times went upbigtime was In the 80’s to make up for Carter. Going to be hard times ahead. Hard times.
FJB.
Inflation could be significantly slowed if we started producing more oil and natural gas here at home. The biggest single factor would be the reduction of the price of diesel fuel, which impacts the price of not merely food, but every single good that is delivered to a store. Further, Increasing the supply of natural gas and thereby Reducing its price will result in the production of more fertilizer, which will increase the productivity of our forms, thereby increasing supplies and decreasing prices even further.
However, the Biden ministration is fully owned by the environmental freaks, and is also intent upon collapsing our economy to produce another emergency, which emergency will allow for a draconian decrease in individual liberties and the permanent installation of the radical left as our lords and masters. A dramatic rise in interest rates without increasing energy production will accomplish the same result even faster.